Pharmacy Benefit Risk Management

The value of a Pharmacy Benefit Risk Management program.

We can reverse that trend of spending more on prescription medications each year. Plan participants can save 20%+ on average in the first 12-18 months with no change in benefit design.

These are some questions you should be able to answer:

  • Is there a spread between the pharmacy and your PBM?
  • Do you access employer drug coupons (we have seen them only accessed 17% of the time)
  • What is your current PBMs declination rate? (Do you know why this matters?)
  • Is your broker making commission or an override? (Do you know why this matters?)

Let us show you a better way to manage your RX spend. There are many ways to decrease your pharmacy spend with no change in benefit design.

*Yes this is possible, and yes we can prove it!

Why should you pay attention to your pharmacy spend?

There many more reasons that what we have outlined here, but this list is a good start.

25%

of brand name drugs represent 80% of total spend

Name brand medications are increasing at a annual rate of

13%

25%

of healthcare spend is on prescription drugs

50%

of drug spend will be specialty RX by the year 2020.

Yes, we can significantly reduce your RX spend without changing your plan design.

We can prove this by doing a PBM contract, and two year pharmacy spend review. This will allow us to identify potential savings opportunities you can take advantage of immediately.

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“Break free from the 12-month quote and hope cycle” with Workforce.

These things are always included!

Support, benefit eligibility communication and consulting are
always included and there is never an extra change.

Consulting

We manage the entire process of your employee life cycle and can support you through decision making process of your health & welfare plan, ERISA disclosures & eligibility. We are also certified to advise you through the fully insured or self funded landscape.

Eligibility Maintenance

We combined health and welfare consulting, a “never outsourced” benefit enrollment service, an employee benefit call center and an in-house benefit eligibility communication team, all together to better serve your employees and their needs.

Support Service

The people behind our company and services we offer is what really make us stand out from the competition. Not only do we service you, the employer, but we are also a resource for your employees should they have a question or need to file a claim.

JOIN US FOR A DISCOVERY CALL

We want to learn more about you! This short call gives you time to let us know about your needs to see if our services are right for you.

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